New Delhi: The next month will bring a lot of changes. On February 1, Finance Minister Nirmala Sitharaman will present the budget (Budget 2022-23). While this will change the economy of the country, it will also affect the lives of common people. Apart from the budget (Aam budget 2022), what is important is that from February 1, some banks will also change their rules.
SBI Bank will also change the rules for transferring money from February 1. The bank will charge Rs 20 + plus GST charges for transferring money between Rs 2 lakh to Rs 5 lakh through IMPS. In October 2021, the Reserve Bank of India (RBI) increased the number of transactions through IMPS from Rs 2 lakh to Rs 5 lakh. The Reserve Bank has also increased the limit of transactions through IMPS to Rs 5 lakh in a day instead of Rs 2 lakh.
Bank of Baroda rules will change
Bank of Baroda is also changing the rules related to check clearance from February 1. For check payment from February 1, customers will have to follow the positive pay system. That is, the information related to the check will have to be sent, only then the check will be cleared. These changes are for check clearance above Rs 10 lakh.
PNB rules will be strict
The rules that Punjab National Bank (PNB) is about to change will have a direct impact on your pocket. If the installment or investment fails due to a lack of money in your account, then you will have to pay a penalty of Rs 250. Till now this penalty was Rs 100.
Gas cylinder price
LPG prices are fixed on the 1st of every month. This time it has to be seen that what is the fluctuation in the prices of cylinders on 1st February. If the prices increase then it will definitely affect your pocket.
The budget will be presented
Finance Minister Nirmala Sitharaman will present the budget on February 1. In this, there may be changes in the rules related to direct and indirect tax (personal income tax rates). Budget can bring many more changes to your financial life.
